RSA 404-C:2 · Purposes and Contents of Risk Sharing Plans

404-C:2 Purposes and Contents of Risk Sharing Plans. – Any plan promulgated or prepared as provided in RSA 404-C:1 shall:

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I.

Give consideration to:

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(a)

The need for adequate and readily accessible coverage;

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(b)

Alternative methods of improving the market affected;

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(c)

The inherent limitations of the insurance mechanism;

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(d)

The need for reasonable underwriting standards; and

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(e)

The requirement of reasonable loss prevention measures;

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II.

Establish procedures that will create minimum interference with the voluntary market;

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III.

Spread the burden imposed by the plan equitably and efficiently within the industry; and

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IV.

Establish procedures for applicants and participants to have grievances reviewed by an impartial body. Source. 1971, 488:1, eff. Aug. 31, 1971.

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